Cannabis Insurance Trends 2020

February 27, 2020Directors and Officers, Product Liability

Plenty of industries are booming nowadays—fintech, on-demand, micromobility, etc. The cannabis industry, however, tops the charts for tremendous growth as well as intense social impact. With so many developments in the last half-decade, success only comes through up-to-date knowledge. When it comes to the cannabis industry and insurance, here’s what happened the past year and … Read More

IP and Cannabis: The New Grey Area is Green

June 26, 2018Intellectual Property

Legalization of cannabis has been a controversial topic for years with heated debates arguing for and against. Even though on a federal level, the marijuana is still illegal, most of the states are slowly moving towards legalization. Just last Tuesday, June 20th, Canada became only the second country in the world to legalize marijuana, Uruguay … Read More

Cannabis insurance tips: Additional Insureds and COI’s

March 15, 2018Insurance Pro Tips

So, you have cannabis insurance in place but your startup is required to provide an additional insured endorsement and certificate of insurance. You scratch your head and ponder, “What the heck is that?” Let’s tackle both of these common requirements so you can take on the next big contract with ease.   1. Additional Insured … Read More

The Top 5 Cannabis Business Insurance Requirements

March 1, 2018Insurance Pro Tips

Our team encounters many different cannabis business insurance requirements. These are the coverage demands coming from your investors, landlords, business partners and other key players who all want to protect themselves as much as you do. We process these requests by asking underwriters to endorse the policy, changing the way that its coverage responds to claims. Unfortunately, … Read More

What’s the difference between fiduciary liability insurance and ERISA fidelity bonds for cannabis companies?

February 15, 2018ERISA Fidelity Bonds, Fiduciary Liability

You just launched a 401(k) plan for your cannabis company’s employees and they couldn’t be more thrilled. This will help with morale and recruitment by encouraging employees to grow their nest egg with minimal effort. But with no fiduciary liability insurance or fidelity bonds, your cannabis company can be risk. That’s because employee benefit plans … Read More

Best HR practices for your startup

February 1, 2018Featured, Insurance Pro Tips

This is a guest post from Amy Klimek, VP of HR at Startups cannot run their businesses the way established companies can. Established companies leverage their name and stability to attract the best talent in the industry. Your startup does not have an established name or track record of stability, but you do have other principles … Read More